Matrix Concepts 3Q profit falls 31.1% on lower revenue recognition
KUALA LUMPUR (Nov 18): Matrix Concepts Holdings Bhd’s net profit dropped 31.
More than 607ha of sea land off Permatang Damar Laut, Penang, identified for reclamation
GEORGE TOWN (Nov 18): More than 1,500 acres (607ha) of sea land off Permatang Damar Laut near Bayan Lepas have been identified for the proposed reclamation that forms part of the land-swap deal with SRS Consortium, the project delivery partner (PDP), for the RM27 billion Penang Transport Master Plan (TMP).
Will slowdown make houses more affordable?
THE extraordinary boom in the property market in Malaysia is ending but high house prices and the middle-class obsession with home ownership are likely to persist for a long time to come.
Steel tycoon Cheng sells more land
STEEL tycoon Tan Sri William Cheng Heng Jem (pictured, below) has been selling land of late.
Massive South Oceans beachfront project set to change the face of Kuala Rompin, Pahang
PETALING JAYA (Nov 17): Malaysian and SIngaporean-owned Kairos & Dashen Resources (Rompin) Bhd is looking for developers and hotel and theme park operators to jointly develop its South Oceans beachfront mixed-use development in Kuala Rompin, Pahang.
RM7b Pavilion Damansara project to start in 2Q2016
THE two-phase Pavilion Damansara Heights mixed-use development in Kuala Lumpur, being undertaken by Tan Sri Desmond Lim Siew Choon in partnership with the Canada Pension Plan Investment Board (CPPIB), will have a gross development value of RM7 billion, sources familiar with the project say.
Tribunal rules 28 Boulevard soho units GST exempt
KUALA LUMPUR (Nov 17): Housing developer Best Boulevard Sdn Bhd which is constructing small offices-home office (soho) units in Kuala Lumpur has been exempted from imposing the 6% goods and services tax (GST) on its buyers.
Mah Sing introduces an apartment designed for family planning
PETALING JAYA (Nov 17): Mah Sing Group Bhd introduced dual-key apartment units during a preview of the third block of its serviced apartments at its D’Sara Sentral integrated development at Sungai Buloh last weekend.
Third block of Maple Residences 40% sold
PETALING JAYA (Nov 16): Block C of Maple Residences serviced apartments in Bandar Bestari Klang, Selangor, by KSL Holdings Bhd is 40% sold since it was launched on Nov 1, said project director Patrick Khoo.
East Coast Expressway Phase 2 concession to be signed by year end
KUALA LUMPUR (Nov 17): The government will sign the concession agreement for the East Coast Expressway Phase 2 (LPT2) by the end of this year, said Deputy Works Minister Datuk Rosnah Abdul Rashid Shirlin (pictured).
